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“There are two monetary circuits in contemporary economies, a public money circuit and a commercial money circuit. Both create and circulate the public currency. The difference between them is that one is based on debt, the other is not.”
― Debt or Democracy: Public Money for Sustainability and Social Justice
― Debt or Democracy: Public Money for Sustainability and Social Justice
“The state has moved from being the main creator of public money to being a supplicant 'housewife'.”
― Debt or Democracy: Public Money for Sustainability and Social Justice
― Debt or Democracy: Public Money for Sustainability and Social Justice
